Some could be badly hurt by a slump in demand in America or China and a consequent fall in commodity prices.

如果美国或中国的需求锐减，商品价格就会随之下跌，一些国家就很有可能受到严重打击。

www.ecocn.org

But the three might be in for a longer-term share slump as details of the new taxes and rules become known and investors flee.

FORBES: China Real Estate Stars Hit Headwinds

The new aircraft ordered in the halcyon days of an upswing will arrive—and have to be paid for—in the depths of a cyclical slump.

ECONOMIST: European airlines

Its survey of European property suggests that far more Spanish houses were being built last year than are likely to be needed in steady market conditions, let alone a slump.

ECONOMIST: The pain in Spain falls mainly on Mr Drains